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WHEREAS , the Redevelopment Commission has concluded an <br /> investigation and prepared a report with information sufficient <br /> for the Common Council to determine that the area qualifies as an <br /> Economic Revitalization Area under Indiana Code 6-1. 1-12. 1-1, et <br /> seq . , and has further prepared maps and plats showing the <br /> boundaries and such other information as required by law of the <br /> area in question; and <br /> WHEREAS , the Human Resources And Economic Development <br /> Committee of the Common council has reviewed said report and <br /> recommended to the Common Council that the area qualifies as an <br /> Economic Revitalization Area. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the <br /> City of South Bend , Indiana, as follows: <br /> SECTION I. That the Common Council hereby accepts the report <br /> and recommendation of the Human Resources and Economic Development <br /> Committee that the area herein described be designated an Economic <br /> Revitalization Area and hereby adopts a Resolution designating <br /> this area as an Economic Revitalization Area for purposes of <br /> Personal Property Tax Abatement. <br /> SECTION II . That this designation shall be limited to Five <br /> ( 5 ) calendar years from the date of the adoption of this <br /> Resolution by the Common Council . <br /> SECTION III. That the Common Council directs the City Clerk <br /> to cause notice of the adoption of this Resolution to be <br /> published , said publication providing notice of the public hearing <br /> before the Common council on said declaration. <br /> SECTION IV. That this Resoltuion shall be in full force and <br /> effect from and after its adoption by the Common Council and <br /> approval by the Mayor . <br /> / <br /> i <br /> the Common C.f cil <br /> jember/of <br /> MAY 81987 <br /> PRESENTED St- //" 8 7 Rtwi. unitt...U1$3 ',. <br /> NOT APPROVED <br /> ADOPTED tr-//- Or 7 Page 2 of 2 Pages <br />